Debt relief for Sub-Saharan Africa: what now?

Suman Bery (), Sybrand Brekelmans and Alicia García-Herrero ()
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Suman Bery: Shell’s Chief Economist. Non-resident Fellow, Bruegel (Brussels).
Sybrand Brekelmans: Research Assistant, Bruegel
Alicia García-Herrero: Senior Research Fellow, Bruegel
Authors registered in the RePEc Author Service: Alicia Garcia Herrero

No 2020-76, HKUST IEMS Working Paper Series from HKUST Institute for Emerging Market Studies

Abstract: When G20 finance heads meet on 18 July, Europe will again need to lead on the group’s flagship COVID-19 initiative to postpone low-income countries’ debt service payments. For the first time, China has agreed to participate as an official creditor alongside members of the Paris Club. However, continuing lack of clarity on which Chinese creditors will participate, coupled with resistance from private sector creditors to voluntary participation, suggest that actual relief will be much less than originally planned.

Keywords: Africa; China; debt; G20; Paris Club (search for similar items in EconPapers)
Pages: 9 pages
Date: 2020-08, Revised 2020-08
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